What tips should you follow if your company downsizes and you lose your job?

Question

What will be an ideal response?

Answer 1

To downsize is to reduce in size. The economy has a great deal to do with whether companies
need to keep employees or to downsize to survive. Be aware of what's going on with the local
and national economies. Always keep your résumé up to date. If you lose your job, follow
these tips:
a) Stay calm. Don't show your anger or frustration. Try to negotiate continued health insurance
for the transition period, a severance payment, outplacement services, and so on. Always
remain professional.
b) Seek the support of family and friends. Eat right and get adequate rest. Take advantage of
job counseling offered by the company.
c) Network. Use social media and other means to let people know that you are looking for a
job. Ask the people you know to suggest others to contact.
d) Negotiate a good severance package. When presented with a severance package, get all
the details and ask for time to consider it. Discuss it with a lawyer or a financial adviser, and
when you are calm enough to talk about separation, point out your many achievements and
contributions to negotiate a better deal.
e) Assess your skills; upgrade them; examine your attitude; explore your vocational passions;
and decide if you should make a career change.